Windstream Files For Chapter 11 Bankruptcy After Court Ruling

(Reuters) Windstream Holdings Inc filed for bankruptcy protection on Monday, days after the rural telecom service provider lost a legal battle against Aurelius Capital Management over a spinoff of its network assets into a real estate investment trust. A U.S. district court on Feb. 15 ruled against Windstream’s spinoff of Uniti Group Inc, saying that violated agreements with bondholders, including hedge fund Aurelius.

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